Name: Financial Accounting: Foundations
Brand: University of Illinois Urbana-Champaign
Availability: OnlineOnly
Rating: 4.7 (1038 reviews)

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Learner Reviews & Feedback for Financial Accounting: Foundations by University of Illinois Urbana-Champaign

4.7

stars

4,617 ratings

About the Course

In this course, you will learn the foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets, where you will go into detail on how firms account for accounts receivable and inventories. Upon successful completion of this course, you will be able to: • Understand the main financial statements and the financial information • Write a financial transaction in financial accounting language and understand how this impacts the main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact the main financial statements • Account for accounts receivable and inventories. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and go to onlinemba.illinois.edu....

Top reviews

May 3, 2020

Loved learning and doing this course! It's a great learning oppurtunity for those who are not from a commerce background but would love to learn accounting. Thanks for this great course! :)

Jun 7, 2020

The modules were extremely informative and nothing less to say, Oktay sir's presentations were very easy to understand even for a person like me who has no prior knowledge about Financial Accounting.

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1026 - 1037 of 1,037 Reviews for Financial Accounting: Foundations

By Ntemis P

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Feb 15, 2021

I did't enjoy this course, although I did well in passing it. The professor needs to improve his English skills in pronunciation and the use of the articles. On top of that, he speaks too quickly. Sometimes the texts under the video loses its correspondence. Overall this course is offered in way that it makes it difficult to grasp easy ideas.

By Christopher L

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Aug 12, 2025

Positives: The information provided was valuable, and all necessary notes and resources were well-presented. Negatives: The lectures did not align with the practice activities or graded module tests. I had to seek out additional resources to learn the material that was tested, which caused me to lose interest and trust in the program.

By Florin M

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Feb 11, 2019

Not too much value for money (at 38 pounds per month), given the very basic level of the learning material / courses the specialisation has on offer (even though it's being advertised as an intermediate level one).

By carrie

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May 18, 2017

The content is pretty good. However, it is really difficult to understand the instructor because of his accent. I need to review the transcript all the time.